Topic: Can legalisation of Cannabis help US economy? - page 6. (Read 1417 times)

It will help without a doubt after all we are talking not only about an increase in the revenue of the government by legalizing this industry but we also have to take into account the reduction in the costs of police departments as they no longer need the resources to go against those selling cannabis if it is now legal, this could also have good effects for the prison system that is already overloaded as people that in the past were arrested for being in possession of cannabis will now not go to jail as it will be legal then.

There are always two sides to this issue and if ever they will legalize it, of course, it may help their economy, but don't expect that it will give a huge impact on the economy since there are still a lot of people who oppose to this. This has been a debate for a long time because of its positive and negative side effects, it may have a good effect but people can abuse it once it becomes legal.

So for me, I would say that if they are just looking for something that could help the economy, why not just focus on other things aside from legalizing cannabis. But it would be fine legalizing it unless you trust the government enough that they will provide enough restriction and there would be no abuse of it.

of course it can help  . we already know that canabis is so indemand , legal or not but much more if it will be fully legal but it can also give bad impression to other because this can cause addiction if over used  . this is 50/50 and this can make or break one's country  so i dont recomend it to them . better if they think of other safer or more legal alternatives .  why u.s is so concerned on thier economy  , are they afraid to be left behind  . thats also not possible because other countries do also improve slower

The legalization of cannabis has only increased drug-related crimes and other social problems such as robbery, drop out of school, illness, economic decline.
I realize that when it comes to legalizing marijuana there will be more harm than good. 100 billion dollars is big, but it's not as big as spending the budget to fix the effects of cannabis.

Remember that to kill people, it is enough to eliminate schools and make people addicted to alcohol, beer, cigarettes, and drugs.
The legalization of cannabis will create a trend among the population. They will use more marijuana. In the long run, it will affect the health of the race, reduce labor productivity. And so is less developed.
Not to mention that the abuse of marijuana will cause detox organizations to sprout. Thus, the cost of social welfare will skyrocket.
The US economy is weakening, legalization of cannabis is only making the US economy worse.

Wow! Do you think that it is that easy to abandon established farms and re-establish them elsewhere? Most of the farms in the United States have seen heavy investments, in terms of equipment, precision leveling.etc. Not all of these investments can be shifted and some needs to be abandoned. It is going to be a very costly exercise. Also, if the farms need to be setup in the interior areas, a lot of the national parks and national reserves needs to be reclassified to make land available.

We don't yet know, but I'm sure in one thing, our country would take a longer period of time before we come that far. Our president really hates drugs . Though already proven that marijuana can be used as an aid for curing different diseases, the government still show opposition against it. And I agree with such decision. Why? Because I'm not confident that no one will abuse it once implemented. It was a form of drug after all, it can cause addiction and ruin one's life. Maybe that's what our president is afraid of.

USA is so huge that climate change will not damage its agriculture much. They will just move it elsewhere, if on some areas will be to hot and plant there plants that need less water. Climate change will be devastating for smaller countries. Well not devastating. But will demand for them big changes to take.

The author of the article clearly state that he is with legalizing Cannabis because it will help US economy, create jobs and business and cure some health issues, it looks like Cannabis is one of the issue that will face the next administration if they badly need funds this is a good source of funds the advantages outweighs the disadvantages, if they legalize it, there's a strong possibility that many countries will do the same.

I agree your point here. Better look for other options to alleviate the economy. Because this will not help people but will turn more people to be addicts. And I don't think this is good for the society. There are so many ways to address the economy and the government knows better.

Definitely. I do have the same view that if its legalized then growing or planting your own wont really be a problem.I dont see for this industry to be that relevant or can

really actually help US economy and as said above that the state alone doesnt only rely on few industries into their vicinity.Its just a small number but to know the fact that

it can really affect other industries as well.

Why would it?

If it becomes legal, everybody would grow their own plant instead of buying it from someone else.

Cig companies like marlboro will take a hit too.

Making weed legal would be a net negative to the economy actually.

$75 billion isn't insignificant. It's something like 0.3-0.4% of the national GDP.

More importantly, it's quite a labor intensive industry. If cannabis industry jobs grow by the same factor, that's an additional 1.5-2 million jobs added to the economy, based on current numbers. That's enough to account for 2%+ of the current unemployment rate. That's a big deal.

I agree that with you cause legalization of Cannabis is not enough to help the US economy and if more correction are not done in the aspect of money printing and federal reserve the same circumstance will always transpire sooner or later.

$16 billion is still small compare to trillions of dollar needed to stabilize the economy. Legalizing cannabis must be for another reasons and not to use it as a leverage for economy recovery except the government is considering it with other things for a source for the required money for economy recovery. I understand well that the cannabis has been legalised is some of the states but how much influence does it bring to the economy and growths of those states

Can it? Sure. Will it? Not sure. In the way that cannabis was an illegal trade way before it ever got legal anywhere in the USA, it was a thing that helped people medically as well for a long time too, so in the end we are talking about something that will not be created from brand new, it was already there. Which means all those "profits" were already profits, they were just not legal, that is the only difference.

Instead of some drug dealer making profit, we are not talking about ... well drug dealers but legit kind, like with dispensary and so forth, which means it can be taxed and you won't go to jail in return. So it could help with the taxes which will go straight to families and friends of the politicians anyway, but unfortunately it won't help because of the same reason.

Yeah right, in areas affected by drought you grow a plant that needs infinite more water than corn!
Besides, the whole doom and gloom about agriculture is as usual, false.
https://www.agriculture.com/news/crops/usda-raises-the-us-corn-soybean-yield-expectations

Enoguht to feed China, lol:
https://www.reuters.com/article/us-usa-trade-china-soybeans/china-buys-664000-tonnes-of-us-soybeans-biggest-daily-total-in-nearly-seven-weeks-usda-idUSKBN25Z2CA



Yeah, they don't pay one tax, but with the money they gain they buy stuff from others who pay taxes, so just a level or one step of the process is not taxed.
We had the same thing here when a stupid minister thought that if we reduce the black market by 10 billion there will be an extra income just in VAT ( EU system, we do things differently) alone of  1-1.5 billion, forgetting that the money those guys earn is also spent on stuff, just buying gas here and the government gets 50% of that. So that whole thing is overly exaggerated, the returns will never be that big as they anticipate.

Plus, let's see how much they are going to spend on food stamps:) as I doubt the former dealer can claim unemployment benefits.

There is no short answer to that. I mean we will see it in overall economic statistics of states that did legalize it already in 3+ years or so.
Its really hard to tell what is the economical impact, but surely it will decrease cannabis related crimes, so could possibly bring unexpected profit or rather non-loss

As a U.S. citizen and someone who extremely pro- marijuana ( if you're not pro-marijuana you're a fucking moron just for the record ) I know for a fact that it can help build the economy.  It will do a great favor for our massive budget deficit that has skyrocketed thanks to President Donald Trump.  There are some issues however.  Here in my state of Illinois the taxation is insane and it will allow for the black market to thrive. 

Here are the tax rates for Illinois.  This should service as a guide on how NOT to legalize marijuana in your state.  The legal markets will NEVER thrive with prices this high. 

As per mpp.org...

"Taxes

At the wholesale level, cannabis products will be subject to a 7% tax when they are sold by cultivation centers or craft grows.

At the retail level, Illinois is taking a unique approach. Rather than a blanket tax for all cannabis products, Illinois will charge a tax rate based on the relative potency of the cannabis and the type of product. The more concentrated THC is, the higher the tax rate:

10% tax will apply to cannabis flower or products with less than 35% THC
20% tax will apply to products infused with cannabis, such as edible products
25% tax will apply to any product with a THC concentration higher than 35%
In addition to these scalable tax rates, the state’s regular 6.25% sales tax rate also applies, along with local taxes of up to 3.5%. The range consumers will pay at the register — which does not include the 7% tax levied at wholesale — will be between 19.55% to 34.75% retail tax, depending on the product’s potency".

16-75 billion is peanuts on a macroeconomic level. Even big industries like tobacco or alcohol won't have effect on US economy, US is a highly developed economy with diverse industries, it's not some small and poor country that lives predominantly off one type of industry, like tourism or agriculture.